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Nov 12, 2012
11/12
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WUSA
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we're going to be watching every step of the way for you guys. >> fiscal cliff, the new greece. >> thanks, jess. >>> america is growing -- the obesity epidemic is sparking thousands of jobs. >> more in two minutes. >>> everything you need to know to get your day started. howard bernstein has it at 4:45. count your blessings today is the last day -- >> last warm day we're going to see for a while. >> it was so gorgeous yesterday. >> it was stunning. right through caroll county, never did the ride up through 27, manchester. a lot of leaves are off the trees. some are still there. it's a pretty ride. caroll county, you have a beautiful part of the world you live in. hats off you to. except all the ice cream places are closed. that's not good. weather wise it was 70 degrees. >> you can have ice cream any time. >> let's get going with the bus stop forecast. i know it's the little things in life. the bus stop forecast, it's cool in spots. 40s and some 50s, even an isolated 6 on out there still with a mix -- 60 out there still with a mix of clouds. then we'll see the clouds thickening up as we g
we're going to be watching every step of the way for you guys. >> fiscal cliff, the new greece. >> thanks, jess. >>> america is growing -- the obesity epidemic is sparking thousands of jobs. >> more in two minutes. >>> everything you need to know to get your day started. howard bernstein has it at 4:45. count your blessings today is the last day -- >> last warm day we're going to see for a while. >> it was so gorgeous yesterday. >> it was...
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Nov 19, 2012
11/12
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CSPAN
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eye 91
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of the new york stock exchange talks about the fiscal cliff. hosted by the brookings intuition that's at 1:00 p.m. eastern. tomorrow night former abc news reporter and anchor ted koppel talks about the future of network news. this is part of the series and it's on at 8:00 p.m. eastern. >> next c.i.a. security director mary rose mccaffrey talks about cyber threats to national security. she's the first female director of security for any u.s. intelligence agency. her remarks are about an hour. >> all right. if we could make our way to our seats, please. all right. welcome back to if eighth annual global security symposium here at the arnott call university in prescott, arizona. i'm an assistant professor anded with the studies. it's my distinct pleasure to introduce an important woman not just because she's a woman but because of her position in the intelligence and security world today, ms. mary rose mccaffrey. she was named the director for the central intelligence agency in 20111. prior to this she was the director for the c.i.a., not the culi
of the new york stock exchange talks about the fiscal cliff. hosted by the brookings intuition that's at 1:00 p.m. eastern. tomorrow night former abc news reporter and anchor ted koppel talks about the future of network news. this is part of the series and it's on at 8:00 p.m. eastern. >> next c.i.a. security director mary rose mccaffrey talks about cyber threats to national security. she's the first female director of security for any u.s. intelligence agency. her remarks are about an...
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Nov 29, 2012
11/12
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KCSM
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eye 246
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cliff. the federal reserve released its latest beige book economic report on wednesday. the document is based on surveys of businesses. it's compiled by 12 federal bank districts. it mentions weaker conditions in new york and some other districts hit by hurricane sandy late october despite a moderate improvement overall. on consumer spending, most districts saw an increase at a moderate pace and they also gave mostly upbeat expectations for the holiday sales season. on housing, the report says the market continued to improve across most districts. selling prices were steady or rising. on employment, over half the districts reported improvements. but in manufacturing, 7 of the 12 districts reported that activity slowed or declined somewhat compared to the previous report. >>> on the tokyo foreign exchange, the dollar is gaining ground against the yen this morning. dollar/yen is fetching 82.04-08 at the moment. analysts say concerns over the u.s. economic outlook eased slightly after u.s. pres
cliff. the federal reserve released its latest beige book economic report on wednesday. the document is based on surveys of businesses. it's compiled by 12 federal bank districts. it mentions weaker conditions in new york and some other districts hit by hurricane sandy late october despite a moderate improvement overall. on consumer spending, most districts saw an increase at a moderate pace and they also gave mostly upbeat expectations for the holiday sales season. on housing, the report says...
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Dec 31, 2012
12/12
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FBC
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eye 193
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. >> shifting gears, it has to do little with the fiscal cliff. news about the secretary of state, she in the hospital tonight. can you update us on her condition. >> this is statement from secretary of state spokesperson, hillary clinton is in the hospital after doctors discovered a blood clot stemming from a concussion she sustained several weeks ago. her doctors will continue to assess the situation in the next 48 hours and see if any further action needs to be taken. >> reporter: okay, rich. fox business network here all night. we'll be monitoring potential of a deal and also watching some of the asian markets, hong kong just now beginning to trade. we'll update you at the 10:00 p.m. hour. we want to remind you at 5:00 a.m., sheryl will be here to start the trading day for that. with the opening bell at 9:30 here at new york. if there is a deal we'll have it for you if it happens during our break at the top of the hour but at 5:00 a.m., as well. we'll return to our programming now. hand. it is a time consuming labor which they have to do for h
. >> shifting gears, it has to do little with the fiscal cliff. news about the secretary of state, she in the hospital tonight. can you update us on her condition. >> this is statement from secretary of state spokesperson, hillary clinton is in the hospital after doctors discovered a blood clot stemming from a concussion she sustained several weeks ago. her doctors will continue to assess the situation in the next 48 hours and see if any further action needs to be taken. >>...
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83
Oct 11, 2012
10/12
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FBC
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eye 83
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neil: can't argue with that. >> relax, not a fiscal cliff, new york times said more like a gentle slope. s of my aeptance speech. great! 's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad e're both running a nice, clean race. no need to get nasty. here's yr "honk if you had an affair wittaylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. neil: note a cliff, more like a curve, not a steep fall, but an afternooning slope, "new york times," unique characterization of the train wreck not to be a train wreck. times manager that you missing a year end legal does not mean we're face new year armageddon, that congress and or treasury condition move things, that david stoc stock man read and fd to be nonsense call things. the former budget director going long here. to get to the bottom of fixing this mess down there david good to have you. >> glad to be here. neil: is it a cliff? a hill
neil: can't argue with that. >> relax, not a fiscal cliff, new york times said more like a gentle slope. s of my aeptance speech. great! 's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad e're both running a nice, clean race. no need to get nasty. here's yr "honk if you had an affair wittaylor" yard sign....
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Dec 27, 2012
12/12
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FOXNEWSW
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. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,0
. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get...
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Aug 20, 2012
08/12
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FOXNEWSW
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news flash, it is not. >> maybe it's a case of coming fiscal cliff. pratt & whitney says they are holding off hiring and swneflgt florida and blaming congress to creating economic uncertainty. this doesn't say to me, doubt like anything else. what are they doubtful about? >> first of all, it's great to get to talk about sequestration here. let me give you a little bit of perspective. if sequestration goes into effect. >> neil: let me stop you. that means the automatic cutting into effect, go ahead. >> right. those automatic cuts are $1.2 trillion for the defense department, it's about half a trillion dollars. what that means over ten years, for all program purposes you wipe one year's budget for those ten years. if you are in a business that is to some extent dependent on the ffs budget you have to look over those ten years, in one of those years you will have no revenues and profits from the defense sector. >> neil: i know what you are saying. 10% cut doesn't mean one year, it could average out to be the equivalent. many argue the defense establishme
news flash, it is not. >> maybe it's a case of coming fiscal cliff. pratt & whitney says they are holding off hiring and swneflgt florida and blaming congress to creating economic uncertainty. this doesn't say to me, doubt like anything else. what are they doubtful about? >> first of all, it's great to get to talk about sequestration here. let me give you a little bit of perspective. if sequestration goes into effect. >> neil: let me stop you. that means the automatic...
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241
Nov 10, 2012
11/12
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CNBC
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eye 241
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you need stocks that can keep you excited while everybody else is freaking out about the fiscal cliff. a brand new biotech ipo with terrific bloodlines. money that has been forgotten about because of all the noise in washington. i think this is a good one. let's take some questions. >> jim, brian from baltimore. my question is on 3d systems. did well last quarter. should i keep that as a spec play? >> i'm not allowed to give individual advice on individual stocks at this level. but if you have a big capital gain in that stock because of the fiscal cliff, you have to take it this year. i'm afraid they will raise the capital gains rate where you will have to give away a lot of your gain to uncle sam. perhaps you sell some now. i like the stock. we're in that weird moment where i have to go into what the capital gain is. >> ralph from new york. proudly served in the us air force. my question is -- >> just a second. >> you are a legitimate rocket scientist. always good to have one on board. go ahead. >> earlier this year, with wti between 79 and 80 i scaled down. more recently, wti at 90
you need stocks that can keep you excited while everybody else is freaking out about the fiscal cliff. a brand new biotech ipo with terrific bloodlines. money that has been forgotten about because of all the noise in washington. i think this is a good one. let's take some questions. >> jim, brian from baltimore. my question is on 3d systems. did well last quarter. should i keep that as a spec play? >> i'm not allowed to give individual advice on individual stocks at this level. but...
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139
Dec 26, 2012
12/12
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FOXNEWSW
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eye 139
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. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug: ed henry traveling with the president in honolulu. what happens if we go over the fiscal cliff? molly henneberg explains it means more money of the of your wallet. >> taxes are going up on everyone immediately. if washington can't come to a deal on the fiscal cliff. >> you have less money in a difficult economy with little clarity. >> the economy will go down sharply. >> look at the number from the tax policy center. this is the average tax hit the families take on top of what they pay on taxes. those make between $40,0
. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get...
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Dec 21, 2012
12/12
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MSNBCW
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eye 132
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cliff on new year's. the president made the point that this is a real-world issue with real world consequences. it's not just some game for politicians to play inside the beltway. >> nobody can get a hundred percent of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. they're real world consequences to what we do here. and i want next year to be a year of strong economic growth. i want next year to be a year in which more jobs are created. and more businesses are started. and we're making progress on all of the challenges that we have out there. >> there's too much going on, too much at stake for republicans to hold the economy hostage just because they want to protect the rich. this is a question of fairness. and we must continue to fight for it. joining me now is congressman steve coen, democrat from tennessee and former pennsylvania governor, ed rendell. thanks to both of you for being here tonight. >> good evening, rev. >> nice to be with you.
cliff on new year's. the president made the point that this is a real-world issue with real world consequences. it's not just some game for politicians to play inside the beltway. >> nobody can get a hundred percent of what they want. and this is not simply a contest between parties in terms of who looks good and who doesn't. they're real world consequences to what we do here. and i want next year to be a year of strong economic growth. i want next year to be a year in which more jobs are...
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cliff that will trigger a wife for tax rises and government cuts on new year's day to tackle the fast approaching deadline congress members have gone on holiday or has been out to find anyone who thinks they deserve the break. as many hard working americans look forward to taking a break from the grind so does congress did they deserve a holiday this week let's talk about that we're talking today about congress because they're that take their break right now you're already rolling your eyes i've only just said the word awful it's awful what you can do they don't do anything and they're taking a break well yeah because that's what they do they don't do anything and they're going to do you think that they have been working hard enough to deserve a holiday never and i won't say anymore because it'll be a bad word of those going to go on kick the can down the road a little bit for the next year yeah and nothing's going to change something may change with who's going to want to know about the deal with the next year so you work more than one hundred forty days a year so everyone deserves s
cliff that will trigger a wife for tax rises and government cuts on new year's day to tackle the fast approaching deadline congress members have gone on holiday or has been out to find anyone who thinks they deserve the break. as many hard working americans look forward to taking a break from the grind so does congress did they deserve a holiday this week let's talk about that we're talking today about congress because they're that take their break right now you're already rolling your eyes...
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237
Dec 27, 2012
12/12
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CNBC
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eye 237
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we learned just a few hours ago that not only is the fiscal cliff deadline on new year's eve, we are going to hit the debt ceiling on the very same day. we are about to go to washington for a live report. now to national weather. deadly storm slamming the midwest and the south now hitting the northeast. this is all coming just as millions of americans are waiting to take flights important the holidays. suburban new york newspaper chooses to publish the names and addresses of thousands of private citizens who have legal gun permits. can the mainstream media still claim not to hate all gun owners after a stunt like this? "the kudlow report" starts right now. let's get the latest on the snag on the fiscal cliff talks and surprise news we are going to reach the debt ceiling in days instead of just a few months. john harwood has the details. what's going on? >> not a whole lot of actions going on. although there have been some developments. let me bring our viewers up to date on those. first of all, treasury secretary geithner this afternoon announced the united states would hit the statu
we learned just a few hours ago that not only is the fiscal cliff deadline on new year's eve, we are going to hit the debt ceiling on the very same day. we are about to go to washington for a live report. now to national weather. deadly storm slamming the midwest and the south now hitting the northeast. this is all coming just as millions of americans are waiting to take flights important the holidays. suburban new york newspaper chooses to publish the names and addresses of thousands of...
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Dec 30, 2012
12/12
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WJLA
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eye 182
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the fiscal cliff, the taed line and what it means. we'll look ahead, we'll look back, our all-star panel on the big news that hasn't happened yet if preview of the big stories and trends for 2013. and then we will hit the highlight reel. my interviews with the most important, influential and interesting people of the past year. the journal report begins right now. >> this is america's number one financial news program, the "wall street journal" report. now, maria bartiromo. >> all that ahead, but first, here's fill griffith with the look at the stories making headlines this week. >> thanks, maria. here's what's making news as we are heading into a new week and new year on wall street. congress is working the weekend, attempting to avert some part of that $6 billion in automatic tax increases and the spending cuts that are set to kick in on januar1st. that fiscal cliff and its potential impact on our economy brought lawmakers from both uses to washington for last-minute negotiations. concerns about the cliff spooked investors, the holi
the fiscal cliff, the taed line and what it means. we'll look ahead, we'll look back, our all-star panel on the big news that hasn't happened yet if preview of the big stories and trends for 2013. and then we will hit the highlight reel. my interviews with the most important, influential and interesting people of the past year. the journal report begins right now. >> this is america's number one financial news program, the "wall street journal" report. now, maria bartiromo....
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Dec 28, 2012
12/12
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KQED
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eye 258
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. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an
. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was...
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122
Dec 26, 2012
12/12
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CNBC
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many traders have been placing -- playing its recent range as they wait for more news on the fiscal cliff before they make those long term bets. but there were also some pockets of strength that can't be ignored. the ag complex rose sharply in the wake of this summer's drought, the worst that we saw in 50 years. also, lumber, the best performer by far, logging huge gains as the housing market appears to be on the mend. then there were the metals. silver, gold, palladium and copper, aluminum on track for more modest gains this year. interesting to note that 84% of the funds that were invested in physical commodities were invested in gold. what was the most overlooked commodity this year? several traders told me that they thought it was natural gas. they expected it to be a more crowded trade. they also said they will be watching it in 2013. tyler? >> thank you very much. >>> commodities, let's talk more about them. are they worth your money in '13? bill o'neill is managing partner. welcome back, good to see you again. i will take you through some things pretty quickly. favorite commodity t
many traders have been placing -- playing its recent range as they wait for more news on the fiscal cliff before they make those long term bets. but there were also some pockets of strength that can't be ignored. the ag complex rose sharply in the wake of this summer's drought, the worst that we saw in 50 years. also, lumber, the best performer by far, logging huge gains as the housing market appears to be on the mend. then there were the metals. silver, gold, palladium and copper, aluminum on...
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193
Dec 26, 2012
12/12
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KPIX
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eye 193
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now, regardless of what happens with the "fiscal cliff," new taxes to help pay for the affordable healthcare act will take effect january 1. but the average american will not really see a difference in his bill to the irs. the wealthiest 2% of americans and the healthcare industry will pick up the majority of the tab. back to you. >> thank you. >>> now, ladies and gentlemen, time for the big story of the day. that is as per usual the weather and now the hardest working woman in showbiz. >> i have been working a lot lately. i know. yeah. the holidays, busy time. and if you are out and about traveling you know the rain has been a big issu the last few days. we'll get some brief dry breaks but we have heavier cells moving through. look over san francisco. everywhere you see that orange and yellow that's the heavier rain moving through actually through hayward right now if you are traveling the nimitz anytime in the near future. dublin-pleasanton socked in with rain. so the main cold front has already moved through. this is just unstable air behind it. cool and breezy throughout the afternoon fi
now, regardless of what happens with the "fiscal cliff," new taxes to help pay for the affordable healthcare act will take effect january 1. but the average american will not really see a difference in his bill to the irs. the wealthiest 2% of americans and the healthcare industry will pick up the majority of the tab. back to you. >> thank you. >>> now, ladies and gentlemen, time for the big story of the day. that is as per usual the weather and now the hardest working...
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Dec 31, 2012
12/12
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CNBC
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eye 333
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and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset management. nice to see you. happy new year. do you have two plans for 2012, one that includes the fiscal cliff and one that doesn't? how do you prepare for the new year as an investor? >> pretty much. i mean, the outcome, if there is some type of healthy resolution to the fiscal cliff, even if they defer it for a week or two but come up with some healthy resolution, i think it bodes really well for global markets. if we wind up going into fiscal cliff and the world loses any faith in our government to accomplish anything that's helpful or relevant, i think that could impact the markets and it could impact the economy. >> there has to be a long-term impact, though. i mean, let's face it. any deal that they can come up with is an austerity deal. it will involve some form of tax increases, you would think, and some kind of spending cuts on the wealthy. that slows things down. it's not a gr
and that looming fiscal cliff. so what impact does it have on your money? alison deans is with us, senior adviser at varick asset management. nice to see you. happy new year. do you have two plans for 2012, one that includes the fiscal cliff and one that doesn't? how do you prepare for the new year as an investor? >> pretty much. i mean, the outcome, if there is some type of healthy resolution to the fiscal cliff, even if they defer it for a week or two but come up with some healthy...
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180
Nov 9, 2012
11/12
by
WBAL
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eye 180
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some of us are versed in the fiscal cliff, but are we all? we will have some interesting perspectives for you. plus, ray lewis has been sidelined, but tonight, the new ambition he is tackling. >> the weekend looks like it is shaping up tremendously. >> so pretty. >> temperatures well up into the 60's, a little cloud cover tomorrow morning. sunday, great weather for football. mid-60's on monday. showers arrive tuesday along with a cold front. by wednesday, temperatures will be back in the low-50's. >> that is our news. thank you for joining us. >> nbc nightly news with
some of us are versed in the fiscal cliff, but are we all? we will have some interesting perspectives for you. plus, ray lewis has been sidelined, but tonight, the new ambition he is tackling. >> the weekend looks like it is shaping up tremendously. >> so pretty. >> temperatures well up into the 60's, a little cloud cover tomorrow morning. sunday, great weather for football. mid-60's on monday. showers arrive tuesday along with a cold front. by wednesday, temperatures will be...
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136
Dec 5, 2012
12/12
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MSNBCW
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cliff. "new york times" columnist david brooks describes it this way. republicans will be raising middle class taxes in order to serve the rich. shafting sam's club to benefit the country club. if republicans do this, they might as well get mitt romney's 47% comments printed on t-shirts and wear them for the rest of their lives. so republicans have to realize they're going to have to cave on tax rates. the only question is what they get in return. michael steele is former chair of the republican national committee and an msnbc political analyst, and steve mcmahon's a democratic strategist. michael, you're on the republican side, and what do you think of that? the argument made by brooks which is more sophisticated. make your deal now while you can get something for it because after january 1st you will just be saving your rear end. >> i think he's absolutely right. i think part of that deal should include giving the president what everybody in this town agrees on, and that is those middle ta
cliff. "new york times" columnist david brooks describes it this way. republicans will be raising middle class taxes in order to serve the rich. shafting sam's club to benefit the country club. if republicans do this, they might as well get mitt romney's 47% comments printed on t-shirts and wear them for the rest of their lives. so republicans have to realize they're going to have to cave on tax rates. the only question is what they get in return. michael steele is former chair of the...
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736
Dec 22, 2012
12/12
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KGO
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cliff. stay with us. abc 7 news at 6:00 continues in just a moment. >>> a bay area protestor hustled out of a news conference where the nra breaks it's silence by suggesting there should be more guns on campus, not fewer. >> nra says there should be an armed police officer at every school. >> abc 7 news mark matthews is here, got quite a reaction today it did. and a few expected the nra to come out in favor of gun control but executive vice president never brought it up. national rifle association sent a sharp mess yachblgt no retreat. >> the only thing that stops a bad guy with a gun is a good guy with a gun. >> nra meter said what is needed is an armed police officer in every single school. and he accused washington of rank hypocrisy for protecting the president but failing to do the same for school children. >> we as a society leave them every day utterly defenseless. >> nravp unloaded on the news media and condemned producers of violent video games and the police chief points out there i
cliff. stay with us. abc 7 news at 6:00 continues in just a moment. >>> a bay area protestor hustled out of a news conference where the nra breaks it's silence by suggesting there should be more guns on campus, not fewer. >> nra says there should be an armed police officer at every school. >> abc 7 news mark matthews is here, got quite a reaction today it did. and a few expected the nra to come out in favor of gun control but executive vice president never brought it up....
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146
Aug 23, 2012
08/12
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CSPAN
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eye 146
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>> the big news today is about the dire warning the cbo has issued on the fiscal cliff. this refers to a series of automatic spending cuts and tax increases that are set to take effect in january. cbo is now estimated this will cause a significant recession in next year. they are predicting 0.5% negative growth. a lay they had warned of a negative growth in the first half of next year. now looking at 3% contraction of the economy if congress fails to act on the fiscal cliff. >> what action might lawmakers take to address the forecast when returning in the fall, and what can they get done before the election and in a post- election lame-duck? to go the cbo director said just a few minutes ago that congress should act in september when it comes back, and acting sooner is better than later, because already the economy is the anticipating a fiscal cliff and growth is being stunted. unfortunately, the press releases from either side of the aisle right after the report, there remains a stalemate in congress. the automatic spending cuts that are set to take place are due in put
>> the big news today is about the dire warning the cbo has issued on the fiscal cliff. this refers to a series of automatic spending cuts and tax increases that are set to take effect in january. cbo is now estimated this will cause a significant recession in next year. they are predicting 0.5% negative growth. a lay they had warned of a negative growth in the first half of next year. now looking at 3% contraction of the economy if congress fails to act on the fiscal cliff. >> what...
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Dec 28, 2012
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. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was little to suggest the makings of an 11th hour bargain. a source familiar with the meeting told the newshour its president is sticking with his offer from last friday. it included keeping the bush era tax break force the middle class but raising tax rates on incomes over 250,000 dollars a year. president also wants to extend unemployment benefits for some 2 million americans who will lose them in the new year. and a proposal would delay any spending cuts. the president asked for an up or down vote on his plan unless there is a counter proposal that will pass both the house and senate. a little more than an
. >> brown: the final weekend has now arrived before the fiscal cliff hits on new year's day and with it, more than $600 million in tax hikes and spending cuts. in a last bid for a deal, president obama stated his terms face-to-face to top republicans and democrats. >> congressional leaders arrive ted white house this afternoon for their first group meeting with the president since november 16th. vice president biden and treasury secretary timothy geithner also attend. but there was...
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muni land column long and you may wonder how the fiscal cliff impacts news well it's a potential change to the tax exempt status i mean a simple bond interest yeah they're federal tax exempt more you may not know about municipal bonds and our word of the day plus apple concedes defeat what is the world coming to you after what wired. apple's map op map pocket or its disaster of a map app on the i phone five google mountain is back we'll discuss in loose change let's get to today's capital account. all right let's back up a little bit in late two thousand and ten it was prominent banking analyst meredith whitney is a big call there's not a doubt in my mind that you will see a spate of municipal bond evolves how many is a spate you could see fifty sizeable defaults fifty to one hundred sizeable default more this woman out to hundreds of billions of dollars worth of defaults it will be something to worry about within the next twelve months i don't know it failed to play out as she seemed to indicate it would over the following year in turn pretty much ever since we have seen a spate of hea
muni land column long and you may wonder how the fiscal cliff impacts news well it's a potential change to the tax exempt status i mean a simple bond interest yeah they're federal tax exempt more you may not know about municipal bonds and our word of the day plus apple concedes defeat what is the world coming to you after what wired. apple's map op map pocket or its disaster of a map app on the i phone five google mountain is back we'll discuss in loose change let's get to today's capital...
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. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to the other and it's not clear as a result of all that whether a deal can, in fact, get hammered out in the remaining time before new year's eve and take a listen to senate republican leader mitch mcconnell earlier today explaining the problems he's facing in washington. take a listen. >> the truth is we're coming up against a hard deadline here and as i said, this is a conversation we should have had months ago. and republicans aren't about to write a blank check for anything senate democrats put forward just because we find ourselves at the edge of the cliff. >> we do know that the house of representatives has bee
. >>> the big news tonight, still the developments in washington on the fiscal cliff, eamon javers joins us with the details. >> good evening, meshel. capitol hill sources tell cnbc that congressional leaders are planning to go to the white house tomorrow to meet with president barack obama and it is not entirely clear at this point when that meeting will take place and details are still being hammered out and we saw today a blistering series of rhetorical jabs from one side to...
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>> wait for it. >>> but first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll finds 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> now, if the nation goes over the cliff at the end of the year, it's going to affect everyone, including the unemployed, as abc's jonathan karl reports. >> reporter: melinda vega has been put on notice. if congress and the president don't get their act together, her unemployment checks will stop immediately at the end of the year. >> we're dependent on that money to pay our bills. >> reporter: she's been without a job for a year. her $450 a week unemployment check her life line. >> we won't be able to pay some of our bills and, i mean, you know, that's for christmas and things of that nature, probably off the table. >> reporter: she is not alone. without a deal, unemployment compensa
>> wait for it. >>> but first, the struggle over avoiding the fiscal cliff. new polling suggests support for president obama's position in the standoff with congressional republicans. >> the new associated press poll finds 48% of americans want tax cuts for wealthy to expire. and it says more people want to cut government services than raise taxes to reduce the federal deficit. >> now, if the nation goes over the cliff at the end of the year, it's going to affect...
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Dec 21, 2012
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so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john boehner's plan b failed. this all turned red and this is where we ended. the nikkei 225 coming back from that huge rally that we have seen over the last five weeks shedding 1%. the exporters hurt here because the dollar/yen was lower. it has regained some ground in the last few hours or so. the kospi shedding about 1%. blame politicians in the u.s. and blame heavyweight samsung. this accounts for some 20% of market value on the kospi index. down 4%. that hurt the broader markets. this is, of course, because eu regulators are poised to excuse samsung of breaking competition rules and filing competition patent lawsuits against samsung. greater chinese markets, shanghai more isolated from global happenings and fiscal cliff negotiations. really, it's been a lot of general volatility h
so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john boehner's plan b failed. this all turned red and this is where we ended. the nikkei 225 coming back from that huge rally that we have seen over the last five weeks shedding 1%....
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year to avoid some of the tax parts of the fiscal cliff. it would keep tax cuts for the making $250,000 a year or less, extending unemployment benefit and with the clock ticking delay dramatic spending cuts until next year. >> i asked leaders of congress to work toward the package to prevent tax hike on middle class americans protects unemployment surance for 2 million americans. lays the groundwork for work on growth and deficit reduction. that is an achievable goal. >> today's meeting is the first with the president since november 16. sign for republicans that mr. obama has not really been pushing that hard for a deal. >> we need presidential leadership on in the just taxing rich people. >> three words the president did not use. he did not use the word sequester and he didn't say "debt ceiling" either. he focused most of his remarx on preventing taxes from going up. there are also massive spending cuts coming. no idea how they will avert that. he also did not mention the debt ceiling. earlier they wanted lifting the debt ceiling included.
year to avoid some of the tax parts of the fiscal cliff. it would keep tax cuts for the making $250,000 a year or less, extending unemployment benefit and with the clock ticking delay dramatic spending cuts until next year. >> i asked leaders of congress to work toward the package to prevent tax hike on middle class americans protects unemployment surance for 2 million americans. lays the groundwork for work on growth and deficit reduction. that is an achievable goal. >> today's...
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news on cbs "this morning" reaction to the obama's administration plan to avert the fiscal cliff. we'll get the latest from the white house. plus proposed ban on anchor putting in golf. that is the morning news for this friday. we made it, happy happy friday. take care everybody, have a great day. ,,,, >> >> your realtime captioner: linda marie macdonald >>> we have our "eye on the storm" this morning as the bay area gets another drenching overnight. our exclusive hi-def doppler showing rain all over the area right now. and that means you can expect treacherous travel conditions and a brutal commute. good morning. it's friday, november 30. i'm frank mallicoat. >> i'm michelle griego. time now is 4:30. we have live team coverage from cbs 5 reporters all across the bay area. anne makovec has details from mill valley. elizabeth wenger checks our commute. but first we'll start with meteorologist lawrence karnow in the weather center, the expert. >> the rain is here with strong gusty winds. power out at the karnow household. i was takia
news on cbs "this morning" reaction to the obama's administration plan to avert the fiscal cliff. we'll get the latest from the white house. plus proposed ban on anchor putting in golf. that is the morning news for this friday. we made it, happy happy friday. take care everybody, have a great day. ,,,, >> >> your realtime captioner: linda marie macdonald >>> we have our "eye on the storm" this morning as the bay area gets another drenching overnight. our...
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Dec 27, 2012
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senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come together" on coffee cups to encourage compromise. >>> hawaii's democratic governor will replace daniel inoue to represent the state of hawaii in washington, d.c. inouye died of respiratory complications last week. on the day he died, the late senator wrote to the governor asking for representative colleen hanabusa to replay him. she made it to the final round of considerations but didn't win that nomination. >>> former president george h.w. bush is in intensive care at a houston hospital with a fever and lingering cough. mr. bush was admitted to the hospital more than a month ago with bronchiti
senators will be busy working on a plan to avoid the "fiscal cliff" today. but house gop leaders say they will not return to washington unless the senate passes a bill. with no deal on the horizon, a new poll finds the gop gets the biggest share of the blame for the stalemate. >> both sides here have a problem with the american people and it's why congress has 11% job approval rating. >> even starbucks is getting itchy for an agreement. its employees are writing "come...
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moving closer to a deal, reports say president obama makes a new fiscal cliff offer to house speaker john boehner, giving in a little on taxes, but standing his ground on the debt ceiling. >>> general electric is reportedly on the verge of buying italian space firm avi oi. >>> and india's central bank stands pat despite consistent calls for a rate cut. but the rbi is saying its focus is now normally on boosting growth. >>> well, it's been a rel ofly good year for stocks in europe. adding about .3%. advancers mostly outpacing decliners on the index this morning. if we can zero in on the bourses, it's largely green behind me. the fits fits mib is atting .6%. the ibex in spain, up 0.8%. and the ftse up about 0.3%. now, some company-specific news this morning, fin mechanica saying shares up 2.4%. this on news they're set to buy sge-avio. safran is also a company considering that change. let's take a quick look at the bond space. we'll get a sense of the kind of trade we're seeing shaping up. it is consistent with flows into the periphery, perhaps out of the core and the risk on move gene
moving closer to a deal, reports say president obama makes a new fiscal cliff offer to house speaker john boehner, giving in a little on taxes, but standing his ground on the debt ceiling. >>> general electric is reportedly on the verge of buying italian space firm avi oi. >>> and india's central bank stands pat despite consistent calls for a rate cut. but the rbi is saying its focus is now normally on boosting growth. >>> well, it's been a rel ofly good year for...
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Nov 20, 2012
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we go over the fiscal cliff, that will kill home sales. we will have a return of home price deflation. not only home price deflation, but consumers will also suffer from sharply lower share prices, stock prices, 401(k) plans. coming up in a serious downside to unemployment, could be bad for your health. and waiting until after thanksgiving to talk again. sitting on their teachers at home. the latest next when i'm joined by former cbo director douglas deacon. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. gerri: with all the talk of the looming fiscal cliff, you would think congress would be hard at work in d.c. negotiating a deal. you would be wrong. they're on thanksgiving recess. if not for the countr
we go over the fiscal cliff, that will kill home sales. we will have a return of home price deflation. not only home price deflation, but consumers will also suffer from sharply lower share prices, stock prices, 401(k) plans. coming up in a serious downside to unemployment, could be bad for your health. and waiting until after thanksgiving to talk again. sitting on their teachers at home. the latest next when i'm joined by former cbo director douglas deacon. [ male announcer ] you are a...
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Dec 27, 2012
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all eyes on the fiscal cliff talks in washington. on the radar, deadly storms trigger travel chaos. good news about nelson mandela's health and a very, very expensive day for toyota. first the storm system that claimed at least lives. overnight it pushed from indiana to maine. some areas got heavy snow and it's expected through the northeast today. it triggered a portfolio christmas travel nightmare. 2,000 flights have been canceled and 10,000 have been delayed. spending a lot of time with in-laws because of the weather. south african president nelson mandela is out of the hospital. the 94-year-old will receive home-based care. he is recovering from a lung infection and a procedure to remove gall stones. toyota agreed to a $1.1 billion class action settlement over complaints that cars accelerated without warning. owners of 16 million toyota, lexus and sion vehicles will be eligible depending on the make and the model. what a story that was years ago. with gridlock in capitol hill synonymous, there lessons to be learned from dwight eisenhower's success in working by the opposing part
all eyes on the fiscal cliff talks in washington. on the radar, deadly storms trigger travel chaos. good news about nelson mandela's health and a very, very expensive day for toyota. first the storm system that claimed at least lives. overnight it pushed from indiana to maine. some areas got heavy snow and it's expected through the northeast today. it triggered a portfolio christmas travel nightmare. 2,000 flights have been canceled and 10,000 have been delayed. spending a lot of time with...
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Dec 28, 2012
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cliff dive in the new year. you guessed it. another day without a deal means more losses on wall street. look at those numbers will. 68 down for the dow. joining for the daily fix, nbc white house correspondent peter alexander. nbc's kelly o'donnell live on capitol hill. and jonathan capeheart. peter, let me start with you. there's this meeting at 3:00 p.m. at the white house between the president and congress allege leaders. any optimism there? there's some -- little bit of a trickle of maybe some sort of compromise deal with rates starting at 400,000 instead of 2 r50. how is the white house feeling about this meting coming up at 3:00? is this more important show? >> at the white house at least from the conversations we have had with aides and other members of the staff, it is pretty clear they recognize that this is a big deal. they also recognize that they think the ground rules remain the same. reporters like myself back to exactly what the president said a week ago was the fact that he wanted to extend the
cliff dive in the new year. you guessed it. another day without a deal means more losses on wall street. look at those numbers will. 68 down for the dow. joining for the daily fix, nbc white house correspondent peter alexander. nbc's kelly o'donnell live on capitol hill. and jonathan capeheart. peter, let me start with you. there's this meeting at 3:00 p.m. at the white house between the president and congress allege leaders. any optimism there? there's some -- little bit of a trickle of maybe...
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stacy, here we are day in and day out on the financial news talking about the fiscal cliff, economists talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury retailers and we called out saks saying business pre-holiday was particularly weak. what are the people in the stores telling me all week, saying that this is the worst pre-christmas they had seen in over a decade, and part of that was because their consumers are worried about the fiscal cliff, so note to the government. it does matter. >> yeah, but that's, as you say, part of it. laura, what else is going on? it just felt like we were going into a lackluster season here. what happened? >> i mean, there's been some discussion about weather trends as well, but whether or not we go over the fiscal cliff,
stacy, here we are day in and day out on the financial news talking about the fiscal cliff, economists talk about the fiscal cliff and politicians talk about the fiscal cliff. we're wondering whether mom and pops at home talk about the fiscal cliff. is a lack of a budget deal actually spooking shoppers out on main street? >> it is. walmart told us 75% of their customers have cite that had they are worried about the fiscal cliff. mandy, you and i were on last week talking about the luxury...
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Dec 31, 2012
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year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for individuals making more than $400,000 and couples with more than $450,000 in income. itemized deductions would be limited for individuals making more than $250,000 and couples making more than $300,000. the estate tax would rise to 40%. emergency unemployment benefits would be extended for another year. the alternative minimum tax would be adjusted for inflation permanently. and, in an effort to boost the economy, small businesses would be eligible for another year of bonus depreciation when they buy equipment. the big hang up is what to do about the s
year's day fiscal cliff deadline. darren gersh has the latest. >> reporter: after a weekend of late-night negotiations with the vice presidt, senate republican leader mitch mcconnell said an agreement on the fiscal cliff was very, very close. >> we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in about 10 hours. >> reporter: the deal would raise the top tax rate for...
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our very own neil cavuto bringing his fiscal cliff news straight ahead. you're looking at gold, lots of it jumping into gold and silver% as a safe haven. actual bars of gold. help investors get in on the action. melissa: we have been talking about it on fox business, the next great government bailout. going to save the federal housing administration. time for stocks as with every 15 minutes, let's had before the new york stock exchange, nicole petallides standing by. down 13. nicole: this is one of those markets with a lot of anticipation. every focuses on the fiscal cliff. tomorrow is the all-important jobs report for a lot of folks have been hearing more economic news which has been more dismal lately. talk about more layoffs they have seen in november. right now the market is not too far off the unchanged line. the acidity holding 1400. the tech of the nasdaq still below 3000. today apple is now moving into the green and that is one of the reasons why it is holding on to a quarter percent gain. apple $700, 705 in september traded as low as 518 today. c
our very own neil cavuto bringing his fiscal cliff news straight ahead. you're looking at gold, lots of it jumping into gold and silver% as a safe haven. actual bars of gold. help investors get in on the action. melissa: we have been talking about it on fox business, the next great government bailout. going to save the federal housing administration. time for stocks as with every 15 minutes, let's had before the new york stock exchange, nicole petallides standing by. down 13. nicole: this is...